What is a 3x Bull ETF?

A 3x Bull ETF uses leverage to provide its investors three times the daily (or some other period’s) performance of an underlying stock, index, or other financial asset. For example, if the Dow moves up by 2% in a day, a corresponding 3x daily Bull ETF should increase in value by 6%.

What is the Direxion daily 20+ year Treasury Bull 3x shares ETF?

The Direxion Daily 20+ Year Treasury Bull 3X Shares ETF provides leveraged exposure to a daily factor of three times the ICE U.S. Treasury Bond Index. Given the sensitivity of the underlying index to interest rate and inflation risk, the past year has not been kind to TMF investors. TMF fell about 73% in 2022.

What is a 3x ETF?

Fixed Income: 3X fixed income ETFs offer investors a leveraged exposure to bond indices such as the U.S. Treasury Bonds. Commodity: These funds offer leveraged exposure to commodity markets such as gold and crude oil, aiming to provide three times the daily performance of their respective commodity indexes.